Hewlett Packard Enterprise Company $HPE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Hewlett Packard Enterprise Company (NYSE:HPEFree Report) by 2.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,990,287 shares of the technology company’s stock after selling 73,542 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Hewlett Packard Enterprise were worth $71,199,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in shares of Hewlett Packard Enterprise in the 2nd quarter valued at about $26,000. SJS Investment Consulting Inc. grew its holdings in Hewlett Packard Enterprise by 159.5% during the first quarter. SJS Investment Consulting Inc. now owns 1,165 shares of the technology company’s stock worth $28,000 after acquiring an additional 716 shares during the period. Union Savings Bank purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $30,000. Reflection Asset Management purchased a new position in Hewlett Packard Enterprise during the fourth quarter valued at approximately $31,000. Finally, Thompson Investment Management Inc. acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at approximately $34,000. 80.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hewlett Packard Enterprise news, CFO Marie Myers sold 93,583 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $30.01, for a total transaction of $2,808,425.83. Following the completion of the sale, the chief financial officer directly owned 204,754 shares in the company, valued at approximately $6,144,667.54. The trade was a 31.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Kirt P. Karros sold 18,785 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $48.50, for a total value of $911,072.50. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 310,102 shares of company stock worth $9,013,662 in the last quarter. 0.44% of the stock is owned by insiders.

Hewlett Packard Enterprise Price Performance

NYSE:HPE traded down $0.66 during trading hours on Friday, reaching $48.45. 19,434,951 shares of the company were exchanged, compared to its average volume of 22,292,740. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average is $41.93 and its 200-day moving average is $29.79. The firm has a market cap of $64.16 billion, a PE ratio of 45.28, a price-to-earnings-growth ratio of 0.53 and a beta of 1.42. Hewlett Packard Enterprise Company has a twelve month low of $19.64 and a twelve month high of $64.25.

Hewlett Packard Enterprise (NYSE:HPEGet Free Report) last announced its earnings results on Monday, June 1st. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.25. The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $9.78 billion. Hewlett Packard Enterprise had a net margin of 3.94% and a return on equity of 11.91%. The company’s revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.82) earnings per share. Hewlett Packard Enterprise has set its FY 2026 guidance at 3.350-3.450 EPS and its Q3 2026 guidance at 0.880-0.930 EPS. On average, sell-side analysts anticipate that Hewlett Packard Enterprise Company will post 2.88 earnings per share for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 16th will be issued a $0.1425 dividend. This represents a $0.57 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, June 16th. Hewlett Packard Enterprise’s payout ratio is presently 53.27%.

Analyst Ratings Changes

Several research firms have commented on HPE. Sanford C. Bernstein upped their price objective on Hewlett Packard Enterprise from $35.00 to $62.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 2nd. Argus lifted their target price on shares of Hewlett Packard Enterprise from $30.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Citigroup boosted their target price on shares of Hewlett Packard Enterprise from $39.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group increased their price target on shares of Hewlett Packard Enterprise from $32.00 to $79.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley lifted their price objective on shares of Hewlett Packard Enterprise from $33.00 to $71.00 and gave the company an “equal weight” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Hewlett Packard Enterprise currently has a consensus rating of “Moderate Buy” and an average target price of $64.65.

Check Out Our Latest Analysis on Hewlett Packard Enterprise

Hewlett Packard Enterprise Company Profile

(Free Report)

Hewlett Packard Enterprise (HPE) is an enterprise technology company that designs, develops and sells IT infrastructure, software and services for business and government customers. Its core offerings span servers, storage, networking, and related software, together with consulting, integration and support services aimed at modernizing and managing enterprise IT environments. HPE’s product portfolio includes systems for traditional data centers as well as solutions for high-performance computing, edge computing and telecommunications infrastructure.

A major focus for HPE is hybrid cloud and consumption-based IT.

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Institutional Ownership by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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